Price Suggestion
Strange Doc's Holiday
Submitted by Moose
~8.78 keys
Strange Doc's Holiday
14 votes up
32 votes down
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$13.41
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Comments

Alright I think we all know the price is outdated...


I got these sales off of marketplace.tf


Sale 1: November 3 2020

Sold for - $19.99

Key price - $1.82

Sold for (items) - 10.9


Sale 2: November 26 2020

Sold for - $11.77

Key price - $1.75

Sold for (items) - 6.7


Sale 3: December 2 2020

Sold for - $16.99

Key price - $1.76

Sold for (items) - 9.6


Sale 4: December 6 2020

Sold for - $29.99

Key price - $1.76

Sold for (keys) - 17


Sale 5: January 26 2021

Sold for - $19.99

Key price - $2.10

Sold for (keys) - 9.5


Alright so if we calculate the average price, we get:

10.75 keys

    Every seller on bp.tf is significantly lower than the suggested price, and all your sales are over 3 months old. Not to mention you're taking the average of sales (with clear outliers) instead of using a range.

      Sorry, I’m not very experienced with price suggestions, got any tips on how I can improve?

        I haven't suggested in a hot minute either, but for starters I'd check the current market using backpack.tf classified first just to make sure the price you're suggesting makes sense. If there are many unsuccessful sellers below your price or many buyers above your price, it's very likely inaccurate. If there are sales spanning a range of prices, use a range from the lowest sale to the highest (set min/max price). When doing this also consider that some sales might be outliers. For example, your sale at 17 keys is almost 3 times your lowest sale at 6 keys. Also sales need to be recent; like I mentioned all your sales are over 3 months old, which is the cutoff for unusual sales, much less non-unusual items. There have probably been a lot more sales from the past few weeks, though I can't really tell you where to find them easily since I'm not sure either, but you can probably find out by looking at recent accepted suggestions.

      To add to this, you also need to round to the nearest 0.1 keys on items over 10 keys

        Noted. I’m gonna take down the suggestion later and improve it with feedback!